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Livermore
Livermore
ZHEN

Karpus Management, Inc.

SEC CIK
0001048703
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 15, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
437
−71 vs. Q3 2022
Portfolio value
$2.96B
+$106.3M (+3.7%) vs. Q3 2022
Filed
Feb 15, 2023
SEC
Holdings of Karpus Management, Inc. in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard S&P 500 ETF922908363ETF536,198$188.4M6.4%−41,810−7.2%Reduced–
NRKNuveen New York Amt-Free Quality Municipal Income FundCOM14,101,082$144.7M4.9%+4,954,605+54.2%AddedHistory
iShares Core S&P 500 ETF464287200ETF364,223$139.9M4.7%−87,445−19.4%Reduced–
MUIBlackRock Municipal Credit Alpha Portfolio, Inc.COM8,913,771$101.0M3.4%+8,234,220+1,211.7%AddedHistory
NEANuveen AMT-Free Quality Municipal Income FundCOM6,689,993$76.1M2.6%+5,992,805+859.6%AddedHistory
Vanguard Morningstar Small-Cap ETF922908751ETF369,879$67.9M2.3%−14,927−3.9%Reduced–
EIMEaton Vance Municipal Bond FundCOM6,059,750$63.0M2.1%+3,592,742+145.6%AddedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF1,408,188$54.9M1.9%+681,160+93.7%Added–
WIAWestern Asset Inflation-Linked Income FundCOM SH BEN INT5,912,430$50.9M1.7%+2,284,668+63.0%AddedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF215,183$41.1M1.4%−49,892−18.8%Reduced–
MHDBlackRock Muniholdings Fund, Inc.COM3,172,338$38.5M1.3%+3,172,338NewHistory
MVFBlackRock Munivest Fund, Inc.COM5,443,820$38.2M1.3%+4,639,831+577.1%AddedHistory
GDVGabelli Dividend & Income TrustCOM1,636,304$33.7M1.1%+364,916+28.7%AddedHistory
MYIBlackRock Muniyield Quality Fund III, Inc.COM3,003,992$33.7M1.1%+2,959,531+6,656.5%AddedHistory
ECATBlackRock ESG Capital Allocation Term TrustSHS BEN INT2,368,857$31.8M1.1%+208,727+9.7%AddedHistory
VKQInvesco Municipal TrustCOM3,039,432$30.1M1.0%+2,390,153+368.1%AddedHistory
NUONuveen Ohio Quality Municipal Income FundCOM2,343,222$29.7M1.0%+1,356,929+137.6%AddedHistory
Vanguard Intl Equity Index F922042866FTSE PACIFIC ETF461,943$29.7M1.0%−26,728−5.5%Reduced–
NZFNuveen Municipal Credit Income FundCOM SH BEN INT2,425,849$29.3M1.0%+2,394,135+7,549.1%AddedHistory
iShares Tr464287861EUROPE ETF643,653$29.2M1.0%−142,923−18.2%Reduced–
Vanguard Dividend Appreciation ETF921908844ETF191,740$29.1M1.0%−3,680−1.9%Reduced–
IQIInvesco Quality Municipal Income TrustCOM3,060,625$28.8M1.0%+1,214,981+65.8%AddedHistory
MYDBlackRock Muniyield Fund, Inc.COM2,555,404$26.6M0.9%+2,064,076+420.1%AddedHistory
BTTBlackRock Municipal 2030 Target Term TrustCOM SHS BEN IN1,247,518$26.6M0.9%+1,202,797+2,689.6%AddedHistory
NBXGNeuberger Next Generation Connectivity Fund Inc.COMMON STOCK2,864,130$26.0M0.9%+613,872+27.3%AddedHistory
MEGINYLI CBRE Global Infrastructure Megatrends Term FundCOM1,813,844$24.8M0.8%+630,531+53.3%AddedHistory
BSTZBlackRock Science & Technology Term TrustSHS BEN INT1,578,595$24.7M0.8%+416,041+35.8%AddedHistory
AODabrdn Total Dynamic Dividend FundCOM SH BEN INT3,052,254$23.8M0.8%+517,113+20.4%AddedHistory
NADNuveen Quality Municipal Income FundCOM1,986,163$23.4M0.8%+1,986,163NewHistory
AIOVirtus Artificial Intelligence & Technology Opportunities FundCOM1,433,171$23.2M0.8%+766,706+115.0%AddedHistory
Vanguard Intl Equity Index F922042874FTSE EUROPE ETF408,274$22.6M0.8%−119,342−22.6%Reduced–
BOEBlackRock Enhanced Global Dividend TrustCOM2,354,550$22.5M0.8%+509,591+27.6%AddedHistory
KTFDWS Municipal Income TrustCOM2,573,429$22.2M0.7%+342,447+15.3%AddedHistory
BGYBlackRock Enhanced International Dividend TrustCOM BENE INTER4,410,774$22.1M0.7%+1,146,846+35.1%AddedHistory
VGMInvesco Trust for Investment Grade MunicipalsCOM2,168,810$21.8M0.7%+1,779,046+456.4%AddedHistory
BFKBlackRock Municipal Income TrustSH BEN INT2,084,082$21.0M0.7%+2,084,082NewHistory
FINSAngel Oak Financial Strategies Income Term TrustCOM BEN INT1,621,878$20.8M0.7%+1,621,878NewHistory
BLEBlackRock Municipal Income Trust IICOM2,000,013$20.7M0.7%+1,902,785+1,957.0%AddedHistory
Vanguard Morningstar Value ETF922908744ETF140,005$19.7M0.7%+23,662+20.3%Added–
MUCBlackRock Muniholdings California Quality Fund, Inc.CEF1,815,457$19.5M0.7%+1,815,457NewHistory
NFJVirtus Dividend, Interest & Premium Strategy FundCOM1,542,043$17.4M0.6%+1,236,212+404.2%AddedHistory
MMUWestern Asset Managed Municipals Fund Inc.COM1,697,559$17.1M0.6%+1,393,947+459.1%AddedHistory
iShares Core S&P Small Cap ETF464287804ETF180,200$17.1M0.6%+180,200New–
Accretion Acquisition Corp00438Y107COM1,645,469$16.6M0.6%−52,525−3.1%Reduced–
Vanguard Information Technology ETF92204A702ETF51,576$16.5M0.6%−27,992−35.2%Reduced–
OCAXOCA Acquisition Corp.COM CL A1,582,204$16.2M0.5%−1,254,998−44.2%ReducedHistory
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT112,968$16.0M0.5%−19,767−14.9%Reduced–
NUWNuveen AMT-Free Municipal Value FundCOM1,125,160$15.3M0.5%+749,011+199.1%AddedHistory
iShares MSCI Eafe Min Vol Factor ETF46429B689ETF216,135$13.7M0.5%+216,135New–
TGVCTG Venture Acquisition Corp.CLASS A COM1,333,218$13.6M0.5%−1,350−0.1%ReducedHistory
VTNInvesco Trust for Investment Grade New York MunicipalsCOM1,339,675$13.5M0.5%+32,550+2.5%AddedHistory
SK Growth Opportunities CorpG8192N103CLASS A COM1,303,172$13.3M0.4%+362,111+38.5%Added–
Delaware Ivy Hig246107106Closed-End Fund1,199,283$13.1M0.4%−11,650−1.0%Reduced–
Schwab US Dividend Equity ETF808524797ETF172,590$13.0M0.4%+172,590New–
Vanguard Ftse All-World Ex-US Index Fund922042775ETF257,864$12.9M0.4%−178,338−40.9%Reduced–
VMOInvesco Municipal Opportunity TrustCOM1,271,070$12.6M0.4%+1,271,070NewHistory
BMEZBlackRock Health Sciences Term TrustCOM SHS771,634$11.9M0.4%+658,742+583.5%AddedHistory
JMACMaxpro Capital Acquisition Corp.CLASS A COM1,121,320$11.6M0.4%−17,900−1.6%ReducedHistory
FTIIFutureTech II Acquisition Corp.CLASS A COM1,120,277$11.5M0.4%+663,202+145.1%AddedHistory
AIEVThunder Power Holdings, Inc.CL A COM1,086,624$11.1M0.4%−4,601−0.4%ReducedHistory
Verde Clean Fuels, Inc.15130M102CLASS A ORD SHS1,079,118$10.9M0.4%−27,741−2.5%Reduced–
African Gold Acquisition CorG0112R108SHS CL A1,069,630$10.7M0.4%−2,182,764−67.1%Reduced–
iShares Inc464286509MSCI CDA ETF324,613$10.6M0.4%−28,603−8.1%Reduced–
MINAberdeen Intermediate Income FundSH BEN INT3,756,934$10.4M0.4%+1,975,263+110.9%AddedHistory
NACNuveen California Quality Municipal Income FundCOM926,885$10.3M0.3%+926,885NewHistory
iShares Inc464286533MSCI EMERG MRKT191,389$10.2M0.3%−84,798−30.7%Reduced–
Abacus Global Management, Inc.274681105COM CL A982,251$9.98M0.3%−95,116−8.8%Reduced–
ACACAcri Capital Acquisition CorpCOM CL A954,157$9.75M0.3%+954,157NewHistory
Envoy Medical, Inc.03737A101COM CL A964,920$9.67M0.3%+906,900+1,563.1%Added–
iShares Tr4642874407-10 YR TRSY BD97,032$9.29M0.3%+97,032New–
Vanguard Short-Term Bond ETF921937827ETF123,450$9.29M0.3%−750−0.6%Reduced–
SVIISpring Valley Acquisition Corp. IICLASS A ORD917,168$9.29M0.3%+917,168NewHistory
Burtech Acquisition Corp123013104CLASS A COM892,175$9.06M0.3%−2,275−0.3%Reduced–
Everest Consolidator Acq Cor29978K102CL A COM882,855$9.03M0.3%+847,606+2,404.6%Added–
Armada Acquisition Corp. I04208V103COM879,425$8.90M0.3%−16,750−1.9%Reduced–
RFMZRiverNorth Flexible Municipal Income Fund II, Inc.COM655,498$8.87M0.3%+655,498NewHistory
Estrella Immunopharma, Inc.89268A107COM863,249$8.87M0.3%−21,902−2.5%Reduced–
Alliance Entertainment Holding Corp00653H102COM CL A862,699$8.82M0.3%−27,550−3.1%Reduced–
BTZBlackRock Credit Allocation Income TrustCOM870,118$8.79M0.3%+536,907+161.1%AddedHistory
Emerging Markets Horizon CorG3033X105CLASS A ORD SHS855,266$8.73M0.3%−947,566−52.6%Reduced–
J P Morgan Exchange Traded F46641Q217BETABULDRS JAPAN192,175$8.63M0.3%+192,175New–
AFBAlliancebernstein National Municipal Income FundCOM820,789$8.60M0.3%+758,881+1,225.8%AddedHistory
FRLAFortune Rise Acquisition CorpCL A817,099$8.44M0.3%+34,674+4.4%AddedHistory
NANNuveen New York Quality Municipal Income FundCOM746,604$7.99M0.3%+599,881+408.9%AddedHistory
Vanguard Total Bond Market ETF921937835ETF110,223$7.92M0.3%−110,825−50.1%Reduced–
Avalon Acquisition Inc05338E101CLASS A COM760,402$7.79M0.3%−19,700−2.5%Reduced–
GLSTGlobal Star Acquisition Inc.CLASS A COM768,975$7.79M0.3%+768,975NewHistory
ETGEaton Vance Tax-Advantaged Global Dividend Income FundCOM510,106$7.70M0.3%+510,106NewHistory
IGDVoya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUNDCOM1,415,744$7.66M0.3%+203,453+16.8%AddedHistory
DTFDTF Tax-Free Income 2028 Term Fund IncCOM693,622$7.57M0.3%−123,685−15.1%ReducedHistory
TRUGTruGolf Holdings, Inc.CLASS A COM734,900$7.55M0.3%−1,227,409−62.5%ReducedHistory
MVTBlackRock Munivest Fund II, Inc.COM720,063$7.52M0.3%+687,384+2,103.4%AddedHistory
SCAQStratim Cloud Acquisition Corp.CLASS A COM748,440$7.49M0.3%+748,440NewHistory
GBBKGlobal Blockchain Acquisition Corp.COMMON STOCK740,981$7.48M0.3%−65,075−8.1%ReducedHistory
Investcorp India Acquistn CoG49219101CLASS A ORD SHS709,979$7.33M0.2%−28,750−3.9%Reduced–
McLaren Technology Acq Corp58176U109CLASS A COM706,875$7.22M0.2%−6,075−0.9%Reduced–
VKIInvesco Advantage Municipal Income Trust IISH BEN INT825,751$7.09M0.2%+798,987+2,985.3%AddedHistory
EOTEaton Vance National Municipal Opportunities TrustCOM SHS427,368$7.02M0.2%+427,368NewHistory
MYNBlackRock Muniyield New York Quality Fund, Inc.COM716,387$7.02M0.2%+406,483+131.2%AddedHistory
MHNBlackRock Muniholdings New York Quality Fund, Inc.COM661,198$6.79M0.2%+177,182+36.6%AddedHistory

Sold out since Q3 2022 (135)

Positions held at the end of Q3 2022 that are gone from this filing.

The largest 100 of 135 by value last quarter.

Positions of Karpus Management, Inc. sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
Vanguard Mun BD FDS922907746TAX EXEMPT BD826,491$39.8M1.4%–
Austerlitz Acquisition CorpG0633U101COM CL A2,669,350$26.2M0.9%–
Invesco QQQ Trust Series I46090E103ETF75,489$20.2M0.7%–
Tastemaker Acquisition Corp876545104COM CL A1,773,912$17.7M0.6%–
PSAGProperty Solutions Acquisition Corp. IICOM CL A1,697,470$16.7M0.6%History
LMF Acquisition Opportunit I502015100CL A COM1,467,453$15.1M0.5%–
OneMedNet Corp237699103CLASS A COM1,453,349$15.1M0.5%–
Atlantic Ave Acquisition Cor04906P101COM CL A1,457,890$14.6M0.5%–
8I Acquisition 2 CorpG2956R103ORDINARY SHARES1,357,427$13.6M0.5%–
ASAXAstrea Acquisition Corp.COM CL A1,325,496$13.0M0.5%History
Global Consumer Acquisitn Co37892B108COM1,205,525$12.3M0.4%–
Vickers Vantage Corp IG9440B107SHS1,135,620$11.7M0.4%–
MEOAMinority Equality Opportunities Acquisition Inc.CLASS A COM1,136,750$11.5M0.4%History
Austerlitz Acquisition CorpG0633D109SHS CL A1,018,975$10.0M0.4%–
GRNDGrindr Inc.SHS CL A853,190$8.86M0.3%History
ADER26 Capital Acquisition Corp.COM CL A866,375$8.55M0.3%History
iShares Tr46428743220 YR TR BD ETF81,265$8.33M0.3%–
GTIGraphjet TechnologyCLASS A ORD SHS758,725$7.70M0.3%History
MTRYMonterey Innovation Acquisition CorpCOM742,998$7.55M0.3%History
WINVWinVest Acquisition Corp.COMMON STOCK748,951$7.49M0.3%History
SOCSable Offshore Corp.COM CL A741,602$7.29M0.3%History
Abri Spac I Inc00085X105COMMON STOCK702,500$7.03M0.2%–
MCAGMountain Crest Acquisition Corp. VCOM646,090$6.43M0.2%History
Oyster Enterprises Acq Corp69242M104COM CL A645,573$6.37M0.2%–
Oxbridge Acquisition CorpG6855L109COM CL A605,388$6.09M0.2%–
Digital Health Acquisition C253893101COMMON STOCK572,300$5.80M0.2%–
TRCATwin Ridge Capital Acquisition Corp.SHS CL A580,300$5.76M0.2%History
Parsec Capital Acquisition70184A108CL A551,300$5.58M0.2%–
Blockchain Moon Acquisitn Co09370F109COM507,450$5.07M0.2%–
Omega Alpha SpacG6749V107CL A500,000$4.96M0.2%–
CNGLCanna-Global Acquisition CorpCLASS A COM470,150$4.75M0.2%History
Industrial Human Capital, Inc.45617P104COM455,894$4.63M0.2%–
Mana Cap Acquisition Corp56168P104COMMON STOCK458,550$4.60M0.2%–
Goldenbridge Acquisition LtdG3970D104SHS424,925$4.36M0.2%–
NOVVNova Vision Acquisition CorpCOM427,693$4.36M0.2%History
PAFOPacifico Acquisition Corp.COM422,925$4.26M0.1%History
PEPLPepperLime Health Acquisition CorpCLASS A ORD SHS415,750$4.15M0.1%History
T3 Defense Inc.G1643W111SHS388,964$4.11M0.1%–
Crypto 1 Acquisition CorpG3168A102CLASS A ORD396,250$3.98M0.1%–
G&P Acquisition Corp36146G103COM CL A397,160$3.97M0.1%–
Evo Acquisition Corp30052G108COM CL A387,208$3.82M0.1%–
Golden Path Acquisition CorpG4028H105ORDINARY SHARES373,683$3.80M0.1%–
Adit Edtech Acquisition Corp007024102COMMON STOCK373,392$3.69M0.1%–
FXCOFinancial Strategies Acquisition Corp.CLASS A COM359,775$3.61M0.1%History
OTECOceanTech Acquisitions I Corp.CLASS A COM353,148$3.60M0.1%History
Progress Acquisition Corp.74327P105COM CL A360,284$3.60M0.1%–
iShares Inc464286749MSCI SWITZERLAND93,310$3.49M0.1%–
Provident Acquisition Corp.G7282L100CL A318,300$3.18M0.1%–
Catalyst Partnrs Acquisitn CG19550105CLASS A ORD SHS322,200$3.17M0.1%–
CLOEClover Leaf Capital Corp.COM CL A293,952$3.01M0.1%History
KACLFKairous Acquisition Corp. LtdORDINARY SHARES280,675$2.82M0.1%History
iShares Tr46429B671MSCI CHINA ETF64,340$2.74M0.1%–
Arbor Rapha Cap Biohlds Corp03881F104CLASS A COM267,316$2.70M0.1%–
MIOPioneer Municipal High Income Opportunities Fund, Inc.COMMON STOCK266,483$2.70M0.1%History
iShares Tr464288158SHRT NAT MUN ETF24,750$2.54M0.1%–
MicroAlgo Inc.G9420F102SHS220,739$2.29M0.1%–
iShares Inc464286772MSCI STH KOR ETF46,852$2.22M0.1%–
Boa Acquisition Corp05601A109COM CL A213,900$2.13M0.1%–
KL Acquisition Corp49837C109COM CL A210,775$2.08M0.1%–
VFLabrdn National Municipal Income FundCEF186,811$2.03M0.1%History
Relativity Acquisition Corp75944B106CLASS A COM202,100$2.03M0.1%–
Twelve Seas Investment Co. II90118T205UNIT 99/99/9999200,501$1.97M0.1%–
Monument Circle Acquisitn Co61531M101COM CL A187,107$1.85M0.1%–
DHB Capital Corp23291W109CL A COM186,841$1.84M0.1%–
Athlon Acquisition Corp04748A106COM CL A180,000$1.78M0.1%–
North Atlantic Acquisitn CorG66139109CL A SHS178,633$1.78M0.1%–
Mount Rainier Acquisition Corp.623006103COM175,000$1.76M0.1%–
Property Solutions Acquisiti74350A207UNIT 03/01/2026157,200$1.54M0.1%–
MAQCMaquia Capital Acquisition CorpCLASS A COM148,449$1.53M0.1%History
RXR Acquisition Corp74981W107CLASS A COM151,528$1.49M0.1%–
Compute Health Acquisitin Co204833107COM CL A150,000$1.48M0.1%–
Recharge Acquisition Corp756229100COM CL A138,517$1.40M<0.1%–
BHACFocus Impact BH3 Acquisition CoCLASS A COM139,347$1.38M<0.1%History
TriSalus Life Sciences, Inc.58507N105COM CL A131,000$1.30M<0.1%–
TEKKTekkorp Digital Acquisition Corp.CL A126,150$1.26M<0.1%History
TCW Special Purpose Acqu Cor87301L106COM CL A127,400$1.25M<0.1%–
Sanaby Health Acquisition Co79956P102CL A COM118,696$1.20M<0.1%–
Americas Technology Acqsn CoG0404A102SHS106,560$1.11M<0.1%–
Enphys Acquisition Corp.G3167L125UNIT 99/99/9999100,000$978.0K<0.1%–
iShares Tr464288414NATIONAL MUN ETF9,524$977.0K<0.1%–
Bright Lights Acquisition Co10920K101COM CL A98,300$974.0K<0.1%–
Clarim Acquisition Corp18049C108COM CL A96,925$956.0K<0.1%–
Mission Advancement Corp60501L101CL A95,500$938.0K<0.1%–
HTDJohn Hancock Tax-Advantaged Dividend Income FundCOM42,568$892.0K<0.1%History
Ignyte Acquisition Corp45175H106COM89,049$889.0K<0.1%–
Carney Technology Acqu Corp143636108CL A COMMON STK88,750$884.0K<0.1%–
Altimeter Growth Corp 2G0371B109COM CL A83,925$832.0K<0.1%–
Bridgetown Holdings LtdG1355U113COM CL A82,750$830.0K<0.1%–
PCPCPeriphas Capital Partnering CorpCOM CL A29,000$718.0K<0.1%History
Nightdragon Acquisition Corp65413D105CLASS A COM67,500$663.0K<0.1%–
XBP Global Holdings, Inc.12520C109CLASS A COM63,894$652.0K<0.1%–
SPECSpectaire Holdings Inc.CLASS A ORD61,016$620.0K<0.1%History
RACBResearch Alliance Corp. IICOM CL A61,275$602.0K<0.1%History
Broadscale Acquisition Corp11134Y101COM CL A59,900$590.0K<0.1%–
Joff Fintech Acquisition Cor46592C100COM CL A59,000$581.0K<0.1%–
One Equity Partners Open WTR68237L105CL A54,000$533.0K<0.1%–
Class Acceleration Corp18274B106COM52,893$523.0K<0.1%–
Vanguard World FD921910733ESG US STK ETF7,960$501.0K<0.1%–
Freedom Acquisition I CorpG3663X110SHS CL A50,000$495.0K<0.1%–
Sportstek Acquisition Corp849196100COM CL A48,725$479.0K<0.1%–